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What is the definition of Gross Domestic Product (GDP)?

Aan indicator used to measure the overall happiness of citizens based on their community involvement
Bthe total value of officially recorded goods and services produced in a country's borders within a given year
Cthe monetary worth of goods and services produced in a country, plus income earned from investments outside of the country
Dthe total value of officially recorded goods and services produced by companies and citizens, both inside and outside a country's borders, within a given year

Verified Answer :

The answer is B. The total value of officially recorded goods and services in a country's border within a given year

The key word here is "county's border". The Gross domestic product only count the one that produced in that country's border

If it include the one that produced outside the border, it became Gross National Products

timmytimmyturner673

Answer:

b

Explanation:

The answer is B. The total value of officially recorded goods and services in a country's border within a given year

The key word here is "county's border". The Gross domestic product only count the one that produced in that country's border

If it include the one that produced outside the border, it became Gross National Products

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